© Copyright Acquisition International 2026 - All Rights Reserved.

Article Image - Hecla to Acquire Mines Management
Posted 24th May 2016

Hecla to Acquire Mines Management

Hecla Mining Company (NYSE:HL) (Hecla) and Mines Management, Inc. (NYSE MKT:MGN, TSX: MGT) (Mines Management) today announced a merger agreement with Hecla acquiring Mines Management.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Hecla to Acquire Mines Management
Image

Hecla Mining Company (NYSE:HL) (Hecla) and Mines Management, Inc. (NYSE MKT:MGN, TSX: MGT) (Mines Management) today announced a merger agreement with Hecla acquiring Mines Management.

In the proposed merger, each outstanding common share (1) of Mines Management will be exchanged for 0.2218 of a common share of Hecla. This represents a 41% premium to Mines Management, using both companies’ 10 day VWAP (Volume Weighted Average Price) on May 20, 2016. The transaction is expected to close in the third quarter, 2016. The transaction is subject to approval by Mines Management shareholders and other closing conditions.

Following closing of the merger, Hecla intends to advance the evaluation program of Montanore. Located in Northwest Montana, Montanore is considered one of the largest undeveloped silver and copper deposits in North America. The project is approximately 10 miles from Hecla’s Rock Creek project and 50 miles north of Hecla’s Lucky Friday Mine in Idaho.

Glenn Dobbs, Mines Management’s CEO and Chairman said:

“The Montanore Project has been significantly advanced by Mines Management and, with the issuance of the final Environmental Impact Statement and Records of Decision early this year, now is the time to pass it on to Hecla to further advance the project and put it into production.”

“Hecla is the logical company to move Montanore forward, with its close proximity to Rock Creek, as well as its similar geology and scale,” said Phillips S. Baker, Jr., Hecla’s President and CEO. “We have considerable experience operating Greens Creek in a National Monument which will, combined with our financial strength and commitment to the community and environment, help Montanore reach its full potential.”

(1) Approximately 32 million issued and outstanding shares; approximately 39 million shares fully diluted

Categories: M&A


You Might Also Like
Read Full PostRead - Eye Icon
The New Middle Ground in Investing That Rewards Patience Without Killing Momentum
Innovation
02/02/2026The New Middle Ground in Investing That Rewards Patience Without Killing Momentum

For years, investing conversations have bounced between two loud extremes. On one side, high risk speculation that promises the moon and delivers heartburn. On the other, slow and steady strategies that feel responsible but can leave people wondering if their

Read Full PostRead - Eye Icon
European Headquarters On The Way Out of London?
Finance
29/05/2018European Headquarters On The Way Out of London?

Along with Brexit causing a mountain of problems for every business in the UK, the much larger and market defining corporations are not exempt from the potential changes being made, this has seen many industry giants head out the Brexit door to mainland Europe

Read Full PostRead - Eye Icon
Balancing Digital Growth With Tangible Asset Security
Finance
02/02/2026Balancing Digital Growth With Tangible Asset Security

Markets reward novelty, so portfolios often drift toward whatever has been rising. Digital holdings can expand quietly until one platform or theme dominates day-to-day wealth planning. Balancing digital growth with tangible asset security starts with clear def

Read Full PostRead - Eye Icon
Copperstone Capital
Finance
28/10/2015Copperstone Capital

Copperstone Capital is an investment management firm founded in 2010 in Moscow by David Amaryan.Copperstone Capital manages wealth for high net worth individuals and institutions and provides advisory services.

Read Full PostRead - Eye Icon
Traceability Gaps That Put Food Manufacturers at Risk
Strategy
31/08/2026Traceability Gaps That Put Food Manufacturers at Risk

Food manufacturers depend on traceability long before a recall or audit puts it under pressure. Every batch received, moved, stored and dispatched creates information that operations teams may need later. Problems begin when those records exist but cannot be c

Read Full PostRead - Eye Icon
Managing Weather-Related Surface Risks on Commercial Properties: Implications for Vehicle and Fleet Safety
Legal
29/01/2026Managing Weather-Related Surface Risks on Commercial Properties: Implications for Vehicle and Fleet Safety

Adverse weather conditions present ongoing operational challenges for commercial properties, influencing vehicle safety across parking areas, access roads, and service zones. Rain, ice, freezing temperatures, snow, and reduced visibility can materially affect

Read Full PostRead - Eye Icon
New Merger & Acquisition Guidance Aims to Minimise Climate Risk From Sales of Oil, Gas Assets
M&A
17/02/2023New Merger & Acquisition Guidance Aims to Minimise Climate Risk From Sales of Oil, Gas Assets

The energy sector is, for obvious reasons, the key area of concern for climate change. Can new guidelines for M&A prioritise emissions reductions?

Read Full PostRead - Eye Icon
What Every Business Should Look for When Selecting a Tax Advisor (+ Top Firms to Consider)
Finance
18/08/2026What Every Business Should Look for When Selecting a Tax Advisor (+ Top Firms to Consider)

As your midmarket business scales past the multimillion-dollar revenue mark, tax obligations will multiply faster than you’d expect. What once required simple compliance now demands strategic planning across multiple jurisdictions, regulatory frameworks,

Read Full PostRead - Eye Icon
Stephen Lee – A Barrister -At-Law on the Case
Legal
31/08/2016Stephen Lee – A Barrister -At-Law on the Case

Based in Brisbane, I am a barrister, mediator and arbitrator. As a Barrister, I appear in courts and tribunals in both Australia and beyond, and I am qualified to appear in Australia, England and Wales and New York.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow